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NatWest Group ( (GB:NWG) ) has provided an announcement.
NatWest Group plc has announced the repurchase of 905,959 ordinary shares as part of its ongoing share buyback program. The shares, purchased from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation. This move is part of NatWest’s strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:NWG) stock is a Buy with a £7.00 price target. To see the full list of analyst forecasts on NatWest Group stock, see the GB:NWG Stock Forecast page.
Spark’s Take on GB:NWG Stock
According to Spark, TipRanks’ AI Analyst, GB:NWG is a Outperform.
NatWest Group’s overall stock score is driven by strong earnings call performance and favorable valuation metrics. The company’s stable financial position and positive technical indicators further support the score, despite some challenges in cash flow management.
To see Spark’s full report on GB:NWG stock, click here.
More about NatWest Group
NatWest Group plc operates in the financial services industry, providing a range of banking and financial products to individuals and businesses. The company focuses on retail and commercial banking services, serving a diverse market with a strong presence in the UK.
Average Trading Volume: 22,989,561
Technical Sentiment Signal: Buy
Current Market Cap: £47.91B
Find detailed analytics on NWG stock on TipRanks’ Stock Analysis page.